NEW DELHI: Indian shares are expected to trade higher on Thursday tracking positive global cues while investors will keep a close eye on factory output data, to be announced later today.

"If the markets starts moving beyond 5360-5400 levels on the Nifty, then in my opinion something will start changing in the longer term," Ashwani Gujral of ashwanigujral.com, said.

"So if we start closing decisively above 5400, then a market which was contracting where we had higher lows and lower highs will suddenly tend to breakout. So the next 50 points are extremely crucial for our markets," added Gujral.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral of ashwanigujral.com

Mahindra & Mahindra Ltd is a 'BUY' call with a target of Rs 745 and a stop loss of Rs 710

ABB Ltd is a 'BUY' call with a target of Rs 835 and a stop loss of Rs 790